Johnson Controls International PLC (NYSE:JCI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.
A number of other equities analysts have also weighed in on JCI. Zacks Investment Research lowered Johnson Controls International PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Cowen and Company reiterated a “buy” rating and set a $52.00 price objective on shares of Johnson Controls International PLC in a research note on Thursday, April 27th. ValuEngine lowered Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. JMP Securities started coverage on Johnson Controls International PLC in a research report on Monday, June 19th. They set an “outperform” rating and a $54.00 target price on the stock. Finally, Morgan Stanley restated an “overweight” rating and set a $51.00 target price (up from $50.00) on shares of Johnson Controls International PLC in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Johnson Controls International PLC has a consensus rating of “Buy” and an average target price of $50.70.
Johnson Controls International PLC (JCI) traded up 0.05% during mid-day trading on Tuesday, reaching $39.39. The company’s stock had a trading volume of 3,879,521 shares. The stock has a 50-day moving average price of $42.58 and a 200-day moving average price of $42.12. Johnson Controls International PLC has a one year low of $38.54 and a one year high of $50.03. The company’s market capitalization is $36.73 billion.
Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.71. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.72 billion. Johnson Controls International PLC had a positive return on equity of 11.74% and a negative net margin of 0.43%. The company’s revenue was up 48.8% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. Equities research analysts forecast that Johnson Controls International PLC will post $2.63 EPS for the current year.
In other news, CEO Alex A. Molinaroli sold 6,335 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $41.96, for a total transaction of $265,816.60. Following the transaction, the chief executive officer now directly owns 1,296,407 shares in the company, valued at approximately $54,397,237.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.48% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC boosted its position in shares of Johnson Controls International PLC by 20.1% in the first quarter. Lazard Asset Management LLC now owns 11,231,816 shares of the auto parts company’s stock valued at $473,083,000 after buying an additional 1,883,034 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Johnson Controls International PLC by 31.3% in the first quarter. OppenheimerFunds Inc. now owns 11,209,265 shares of the auto parts company’s stock valued at $472,135,000 after buying an additional 2,670,778 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Johnson Controls International PLC by 19.2% in the first quarter. Bank of New York Mellon Corp now owns 9,214,364 shares of the auto parts company’s stock valued at $388,108,000 after buying an additional 1,483,178 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Johnson Controls International PLC by 9.3% in the first quarter. Geode Capital Management LLC now owns 9,137,888 shares of the auto parts company’s stock valued at $384,341,000 after buying an additional 780,842 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Johnson Controls International PLC by 8.3% in the first quarter. Ameriprise Financial Inc. now owns 8,827,941 shares of the auto parts company’s stock valued at $371,848,000 after buying an additional 672,912 shares during the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.
Johnson Controls International PLC Company Profile
Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.
Receive News & Ratings for Johnson Controls International PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Controls International PLC and related companies with MarketBeat.com's FREE daily email newsletter.
